NEWPOINT EQUITY FUND
NEWPOINT GOVERNMENT MONEY MARKET FUND
(A Portfolio of Newpoint Funds
Supplement to the Statements of Additional Information dated January 31, 1997
The following information is a supplement to your Statement of Additional
Information dated January 31, 1997. We're providing it to advise you of a change
in the name of the investment adviser for the Newpoint Funds. Please note that
this change relates only to the name of the investment adviser. There are no
changes in the portfolio management of the Newpoint Funds.
Effective September 1, 1997, the name of the investment adviser to Newpoint
Funds, "First National Bank of Ohio, N.A." will change to "FirstMerit Bank,
N.A." Accordingly, as of that date, all current references to "First
National Bank of Ohio, N.A." in the Statements of Additional Information
will be deemed to refer instead to "FirstMerit Bank, N.A."
September 1, 1997
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Cusip 651722209
Cusip 735686107
G00942-03 (9/97)
